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DigixDAO (DGD), High Volatility and Falling Monday: Is it Time to Cash Out?

Monday, April 25, 2022 08:38 AM | InvestorsObserver Analysts
DigixDAO (DGD), High Volatility and Falling Monday: Is it Time to Cash Out?

DigixDAO (DGD) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the Stablecoins has lost 32.7% to $148.82.

volatility - 96
InvestorsObserver is giving DigixDAO a 96 Volatility Rank. Find out what this means to you and get the rest of the rankings on DigixDAO!

Highly Volatile

InvestorsObserver gives DigixDAO a high volatility rank of 96, placing it in the top 4% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. DGD's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

DigixDAO price is favorably positioned going forward. With support near $76.93 and resistance set at $271.63. This positions DigixDAO with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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